Examlex
Which of the following is not one of the seven wastes?
Accounts Payable
Liabilities of a business that represent money owed to suppliers for purchases made on credit.
Merchandise Inventory
Goods or stock held by a business for the purpose of resale to customers.
Purchase Discounts
Reductions in price given by suppliers for early payment or bulk purchasing.
Controlling Account
A general ledger account that summarizes the total balances of several subsidiary accounts.
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